Media monitor

摘要

Discovery Metals has secured a US$110 million Investment from UK-based Castlepines Global Equities to develop the planned Zeta underground mine at its Boseto copper operation in Botswana in return for a 34% interest in the project. The proceeds will also be used to settle existing loan finance facilities. The Zeta underground mine has been a key component of the Boseto development plan since inception in August 2010. In September 2014, Discovery completed and updated the definitive feasibility study for a 1.5 Mt/ a operation producing 16.6 kt of copper and 720 000 ounces of silver per annum over a life of 11 years, with a capital cost of US$69.7 million and IRR of 45%. Construction is scheduled to begin in the third quarter of 2015. The current open pit operations at Boseto, which began production in October 2011, will be placed on care and maintenance by mid-2015.